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The latest report by IMARC, titled “ Blood Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ” " the global blood bags market size reached US$ 265.7 Million in 2022.
Blood bags are widely utilized to collect, store, and transport blood and blood components, such as platelets, red blood cells, and plasma. They are specially designed to maintain the quality of the collected blood and prevent contamination. They comprise a flexible plastic container with an inlet, outlet, and connection system, wherein the inlet introduces the blood into the bag, the outlet extracts the blood for medical use and connection systems are used to combine multiple bags and maintain a sterile connection between them.
They come in a variety of sizes, shapes, and designs to accommodate different needs. They are also equipped with a variety of features, such as temperature monitoring systems, airtight seals, and built-in filters to ensure the quality of the blood. Most bags are equipped with a tube or other device to allow the user to perform a variety of tests and procedures easily, including temperature monitoring and adding anticoagulants.
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The escalating number of surgical procedures and blood transfusions majorly drives the global market. This can be supported by the rising incidences of fatal accidents and blood-related medical ailments, such as hemophilia, leukemia, anemia, and myeloma among the masses. Blood bags are a cost-effective option, making them essential among hospitals and healthcare providers. This is encouraging leading manufacturers to increase the production and sales of blood bags, which is creating a positive market outlook. Apart from this, the widespread adoption of blood bags in a variety of medical settings, from large hospitals to smaller clinics, on account of the continual developments in medical facilities, is providing a boost to the demand for blood bags across the globe.
Furthermore, the development of new and improved blood bags to handle several types of blood or blood products is creating a positive market outlook. Some of the other factors driving the growth of the market include the growing geriatric population, escalating number of blood donation centers and extensive research and development (R&D) activities in the field of life science. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 443.2 Million by 2028, exhibiting a CAGR of 9% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
Breakup by Product Type:
• Single Blood Bag
• Double Blood Bag
• Triple Blood Bag
• Quadruple Blood Bag
• Penta Blood Bag
Breakup by Application:
• Collection Blood Bag
• Transfer Blood Bag
Breakup by End User:
• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Blood Banks
• Others
Breakup by Material:
• Poly Vinyl Chloride Blood Bag
• Polyethylene Terephthalate Blood Bag
• Others
Breakup by Capacity:
• 100ml Blood Bag
• 150ml Blood Bag
• 250ml Blood Bag
• 300ml Blood Bag
• 350ml Blood Bag
• 400ml Blood Bag
• 450ml Blood Bag
• 500ml Blood Bag
Breakup by Region:
• North America
• United States
• Canada
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Singapore
• Others
• Latin America
• Brazil
• Mexico
• Argentina
• Others
• Middle East and Africa
• Turkey
• South Africa
• Saudi Arabia
• UAE
• Others
Competitive Landscape with Key Players:
• AdvaCare Pharma
• BL Life Sciences Pvt. Ltd
• Demophorius Healthcare Ltd.
• Fresenius SE & Co. KGaA
• Grifols S.A.
• Haemonetics Corporation
• HLL Lifecare Limited
• Innvol Medical India Limited
• JMS Co. Ltd.
• Kawasumi Laboratories Inc.
• Maco Pharma International GmbH
• Mitra Industries Pvt. Ltd.
• Neomedic Limited
• Poly Medicure Ltd.
• Span Healthcare Private Limited
• Suru International Private Ltd.
• Teleflex Incorporated
• Terumo Corporation
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